Recent Updates
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Investors await Fed decision on rate cut
Business Law 09/18/2007Federal Reserve policymakers opened a long-awaited meeting on interest rates Tuesday amid expectations of a move to revive a sputtering economy, but with some arguing against a return to easy-money conditions blamed for the problems.The Federal Open ...
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FCC Adopts Three-year “Dual Carriage” Requirement
Business Law 09/17/2007The FCC last night, after a daylong struggle to reach consensus, took several actions of significance to cable operators and programmers. First, the FCC adopted rules that it characterized as necessary to ensure that cable subscribers with anal...
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EU court rejects Akzo confidentiality complaint
Business Law 09/16/2007[##_1L|1072399082.jpg|width="130" height="132" alt=""|_##]The European Union's second highest court on Monday dismissed Akzo Nobel's complaint against the European Commission over seized documents the firm claimed were covered by lawyer-client confid...
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CNET says SEC ends stock investigation
Business Law 09/05/2007CNET Networks said Tuesday that the Securities and Exchange Commission ended an inquiry into the company's stock option grants. Regulators won't take any action against San Francisco-based CNET, which is a media company. CNET's founder Shelby Bonnie ...
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Law firm files investor lawsuit against Motorola
Business Law 09/02/2007Another law firm has filed an investor suit against Motorola Inc., claiming executives didn’t tell the market how bad things were last fall as sales began to slow. Schiffrin Barroway Topaz & Kessler LLP filed suit last Wednesday in U.S. District ...
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Roche wins U.S. motion in Ventana bid battle
Business Law 08/23/2007[##_1L|1109364129.jpg|width="120" height="93" alt=""|_##]A U.S. court has granted Roche Holding AG's motion for a preliminary injunction to prevent Ventana Medical Systems Inc. from applying an Arizona anti-takeover law to defend itself against Roche...
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TD Ameritrade, E-Trade hold merger talks
Business Law 08/22/2007Online brokerage giants TD Ameritrade Holding (AMTD) and E-Trade Financial (ETFC) have been holding talks for weeks about a possible merger, The Wall Street Journal reported Wednesday. The discussions currently are focused on making sure both compani...
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U.S. Fed pumps $3.5 bln into financial market
Business Law 08/20/2007[##_1L|1369514519.jpg|width="130" height="93" alt=""|_##]The U.S. Federal Reserve on Monday pumped 3.5 billion dollars into the financial system to help beat back a widening credit crisis. The injection was announced by the Federal Reserve Bank of Ne...
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US court OKs Dura sale of Atwood unit, equity plan
Business Law 08/17/2007Dura Automotive Systems Inc. has received U.S. Bankruptcy Court approval for the $160.2 million sale of its Atwood Mobile Products unit and an equity plan with Pacificor LLC to support its reorganization.Dura, which filed for bankruptcy in October 20...
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Fed chief says subprime losses could hit $100bn
Business Law 07/19/2007Total losses from the subprime mortgage meltdown may be in the order of $50bn to $100bn, according to estimates cited by Ben Bernanke in testimony to Congress on Thursday.The Fed chairman said:"There clearly will be some significant financial losses ...
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Sony Settles $8.5 Million Class Action Suit
Business Law 06/29/2007[##_1L|1121971627.jpg|width="120" height="138" alt=""|_##]Sony Computer Entertainment America has settled an $8.5 million class action lawsuit with current and former employees, according to a statement issued by the law offices of Shapiro Haber &...
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Colgate warns of fake toothpaste, maybe toxic
Business Law 06/14/2007[##_1L|1145481366.jpg|width="142" height="136" alt=""|_##]Colgate-Palmolive (CL) said Thursday that counterfeit "Colgate" toothpaste that may contain a toxic chemical has been found in discount stores in four states. "There are indications that this ...